Kula Maui HI bank owned homes and market snapshot
I showed this Kula Maui home to a buyer client the other day. Actually it's 2 homes, a main house and a detached cottage on a large lot of over half an acre. It's a bank owned property - an REO as they are called. Priced at $527,000 it seems like a pretty good price for Kula, which is usually an expensive place to buy a home on Maui. After seeing inside the homes I would have to think that perhaps the price is too high, and that would explain why it's still on the market.
676 Lower Kimo Drive, Kula Maui HI 96790
Neither home was very big, with the total interior space of both house and cottage being 1,200 sf. They both need a fair amount of work to make them nice again. The yard was pretty rough and had been allowed to go wild, which even the recent mow job couldn't disguise.
It would be a great opportunity for an ambitious person or young couple who want to own a home in Kula at a good price. Are you that person? Are you working with a Maui Realtor who can advise you about the Maui real estate market? Please don't hesitate to contact me with your questions.
Currently there are 76 Kula Maui HI homes on the market in our MLS system. Only 3 are bank owned - what does that tell you? Kula is a very desirable part of Maui due to the mild climate and generally excellent views. This is not an economically depressed part of Maui, but a great place to call home.
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